RPM International Acquires Expanko
Medina, OH, Sept. 4, 2013 -- RPM International Inc. said that its Performance Coatings Group has acquired Expanko, Inc., a producer of terrazzo tile under the FritzTile brand, as well as cork, rubber and rubber/cork floor tiles, primarily for the education, healthcare, hospitality and sports/entertainment commercial markets.
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Headquartered in Exton, Pennsylvania, with manufacturing in Mesquite, Texas, Expanko has annual sales of more than $12 million.
Terms of the transaction were not disclosed.
Expanko will operate as a stand-alone business within PCG and will continue to be led by one of its two owners, Randy Gillespie, and his current management team.
RPM International Inc., a holding company, owns subsidiaries that make specialty coatings, sealants, building materials and related services serving both industrial and consumer markets.